New York State Teachers Retirement System Has $14.69 Million Holdings in Mid-America Apartment Communities, Inc. $MAA

New York State Teachers Retirement System grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 11.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,142 shares of the real estate investment trust’s stock after purchasing an additional 10,436 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Mid-America Apartment Communities worth $14,691,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of MAA. Elevation Point Wealth Partners LLC bought a new stake in shares of Mid-America Apartment Communities during the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth approximately $26,000. Sound Income Strategies LLC grew its position in shares of Mid-America Apartment Communities by 972.2% during the 2nd quarter. Sound Income Strategies LLC now owns 193 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 175 shares during the period. REAP Financial Group LLC grew its position in shares of Mid-America Apartment Communities by 184.1% during the 2nd quarter. REAP Financial Group LLC now owns 250 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 162 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Mid-America Apartment Communities in the 2nd quarter valued at $45,000. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Stock Up 0.2%

MAA stock opened at $134.51 on Wednesday. The firm has a market capitalization of $15.75 billion, a PE ratio of 28.50, a P/E/G ratio of 3.82 and a beta of 0.78. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.87. Mid-America Apartment Communities, Inc. has a twelve month low of $125.75 and a twelve month high of $173.38. The stock’s 50 day moving average is $134.13 and its 200-day moving average is $138.90.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.01). Mid-America Apartment Communities had a net margin of 25.23% and a return on equity of 9.14%. The company had revenue of $554.37 million for the quarter, compared to the consensus estimate of $557.22 million. During the same quarter last year, the business posted $2.21 earnings per share. Mid-America Apartment Communities’s revenue was up .6% on a year-over-year basis. Mid-America Apartment Communities has set its FY 2025 guidance at 8.680-8.800 EPS and its Q4 2025 guidance at 2.170-2.290 EPS. Sell-side analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $1.53 per share. The ex-dividend date of this dividend is Thursday, January 15th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $1.52. This represents a $6.12 dividend on an annualized basis and a dividend yield of 4.5%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 128.39%.

Analysts Set New Price Targets

A number of equities research analysts have commented on MAA shares. Wall Street Zen cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Mid-America Apartment Communities in a research note on Monday, December 29th. Scotiabank lowered Mid-America Apartment Communities from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $146.00 to $142.00 in a research report on Friday, December 5th. BNP Paribas cut Mid-America Apartment Communities from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Finally, Wells Fargo & Company lowered their target price on Mid-America Apartment Communities from $157.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $155.37.

Insiders Place Their Bets

In related news, EVP Amber Fairbanks sold 233 shares of Mid-America Apartment Communities stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $136.50, for a total value of $31,804.50. Following the sale, the executive vice president owned 3,799 shares of the company’s stock, valued at approximately $518,563.50. The trade was a 5.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Adrian Hill bought 758 shares of the stock in a transaction on Friday, December 12th. The stock was purchased at an average price of $131.83 per share, for a total transaction of $99,927.14. Following the completion of the purchase, the executive vice president owned 48,766 shares of the company’s stock, valued at approximately $6,428,821.78. This trade represents a 1.58% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 6,079 shares of company stock valued at $838,698. 1.30% of the stock is owned by insiders.

About Mid-America Apartment Communities

Mid-America Apartment Communities, Inc (NYSE: MAA) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development, redevelopment and operation of multifamily residential properties. The company focuses on high-barrier-to-entry apartment communities, offering a mix of one-, two- and three-bedroom homes designed to meet the needs of diverse renter demographics. Its integrated business model encompasses property management, leasing, maintenance and customer service, providing residents with a comprehensive living experience under one ownership platform.

MAA’s portfolio comprises more than 100 communities and over 40,000 apartment homes across key Sun Belt markets.